Economic Activities in Brazil and India

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Notes

Economic Activities in Brazil and India

Per Capita Income from 1960 to 2016 ( in US $)

  • A country's economy is dependent on the economic activities that take place in the country. An economy has three types of economic activities.
  • Compared to Brazil, India has a higher national income. Brazil is one of the world giants of mining, agriculture, and manufacturing, and it has a strong and rapidly growing service sector. However, despite the country's growing service sector, India continues to be reliant on agriculture.
  • The Brazilian economy is a mixed economy, just like the Indian one. The economies of Brazil and India are both developing economies. Their per capita incomes are very less as compared to the developed countries like the USA. It's interesting to note that despite having a higher national income than Brazil, India has a lower per capita income.
  • The United States is one of the developed nations. This country's people are well educated. This country is strong in terms of patents, modern technology, and mechanical strength. In terms of national per capita income, this country is far ahead of Brazil and India.
  • India and Brazil are both developing country. These countries are making progress in technological advancement, education, and industry. The national per capita income of countries is low. Because India is so large, per capita income appears to be even lower.

Example

Read the following graph and answer the questions:

  1. Which country’s national income was highest in 2016 and was it how much?
  2. Comparing India and Brazil, which country had a higher national income in 1980?
  3. Comparing India and Brazil, which country had a higher income in 2016?
  4. Tell the difference between the GNP of Brazil and India in 2016.
  5. Calculate the difference between the national incomes of developed and developing countries in 2016.

a. National income is the money value of all the final goods and services produced within the domestic territory of the country during a particular period of time, generally within a year. In 2016, the national income of the US was the highest. It was nearly 1900 million US dollars.

b. National income is the money value of all the final goods and services produced within the domestic territory of the country during a particular period of time, generally within a year. In 1980, Brazil had a higher national income compared to India. The difference between their incomes is only negligible.

c. National income is the money value of all the final goods and services produced within the domestic territory of the country during a particular period of time, generally within a year. In 2016, India had a higher national income compared to Brazil. The national income of India has just crossed 200 million US dollars, while the national income of Brazil is reaching 200 million US dollars.

d. National income is the money value of all the final goods and services produced within the domestic territory of the country during a particular period of time, generally within a year. In 2016, India had a higher national income compared to Brazil. The national income of India has just crossed 200 million US dollars, while the national income of Brazil is reaching 200 million US dollars.

e. National income is the money value of all the final goods and services produced within the domestic territory of the country during a particular period of time, generally within a year. The US is a developed economy while both Brazil and India are developing countries. There is a huge gap between the national incomes of both developed and developing countries. In 2016, the US had a national income of nearly 1900 million US dollars, but the national income of India has just crossed 200 million US dollars. There exists a huge gap between the two amounting to about 1700 million US dollars.

Example

A table regarding the ownership of various sectors in both the countries is given. Like Brazil, fill the details regarding India and complete the table.

 

Sr.No.  India  Sector  Brazil
1.  -- Banking Private and public both
2.  -- Railways Private and public both
3.  -- Airways Private and public both
4.  -- Electricity production Largely public
5.  -- Iron and Steel Industry Largely public
6.  -- Health Private and public both
7.  -- Education Largely public, little private
8.  -- Telecommuni-cations  Private and public both
  1. On the basis of the information about the ownership of various sectors in both the countries given in the table, can you infer about the type of these economies?
Sr.No.  India  Sector  Brazil
1.  Private and Public both Banking Private and public both
2.  Largely Public Railways Private and public both
3.  Largely Private Little Public Airways Private and public both
4.  Private and Public both Electricity production Largely public
5.  Private and Public both Iron and Steel Industry Largely public
6.  Private and Public both Health Private and public both
7.  Largely Private and Public Education Largely public, little private
8.  Largely Private and little Public Telecomm­unications Private and public both

1. By analysing this table it is quite obvious that there exist mixed economy in both the countries as in this an economic system is combined by both private as well as public enterprise.

Example

Classify the following activities in by ticking (✓) in the respective column.

Activities Primary Secondary Tertiary
Television Broadcasting      
Bee-keeping      
coir and Rope making      
Jaggery- making      
Producing blades of the
plough.
     
Construction      
Extracting Iron Ore      
Automobile Production      
Rice Production      
Teaching      
Driving buses      
Providing lodging and
boarding facilities
     

 

Activities Primary Secondary Tertiary
Television Broadcasting    
Bee-keeping    
coir and Rope making    
Jaggery- making    
Producing blades of the
plough.
   
Construction    
Extracting Iron Ore    
Automobile Production    
Rice Production    
Teaching    
Driving buses    
Providing lodging and
boarding facilities
   

Example

In figure given below, the pie-charts show the contribution of each sector in the respective country’s GDP and the percentage of population engaged in various activities. Read both the pie-charts carefully and answer the following questions.

 

Brazil India 
Contribution of sectors in GDP (2016)
Percentage of population engaged in various sectors (2016)
Primary    Secondary Tertiary 
  1. Which country has a higher percentage of population engaged in primary activities?
  2. In which country is the contribution of tertiary sector greater in the GDP?
  3. In which country is the share of secondary activities more in the GDP?
  4. Can we say that Brazil is an agrarian economy like India? Give reasons.
  1. India has a higher percentage of population engaged in primary activities (48.8%).
  2. The contribution of tertiary sector is greater in Brazil’s GDP (67%).
  3. The contribution of secondary activities is more in Brazil’s GDP (27.5%).
  4. Brazil is not an agrarian economy like India. This is because 71% of its population is engaged in the tertiary sector and it contributes 67% in GDP.
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